Orkney’s pension fund lands a big investment catch

A ranking of the funds by 2012/2013 investment returns finds a top performer you might not expect

By

Mark Cobley

Updated: February 3, 2014 7:47 p.m. GMT

Councils in Orkney, the Isle of Wight, and the City of London have some of the best-performing pension funds in the country, while the funds for local-authority workers in Bedfordshire, Clwyd and the London Borough of Barking and Dagenham are among the worst.

Across the UK, local-government workers' funds are run by 101 separate authorities. According to a survey of 81 of these authorities compiled by WM Company, a division of State Street; supplemented by Financial News research into the other 20, the best-performing fund...